"July, 1979" Archive

Circular No. 260 -Income Tax Attention of the Chambers of Commerce is invited to the provi­sion contained in sub-section (4) of section 182 which requires that "a registered firm may retain out of the shares of each partner in the income of the firm a sum not exceeding 30 per cent thereof until such time as the tax which may be levied o...

It is hereby notified for general information that the concern mentioned below has been approved by the Central Board of Direct Taxes for the purpose of clause (a) of sub-section (2) of section 35D of the Income-tax Act 1961 in the field of Technological Engineering and Management consultancy....

In exercise of the powers conferred by section 295 of the Income-tax Act 1961 (43 of 1961) the Central Board of Direct Taxes hereby makes the following rules further to amend the Income-tax Rules 1962 namely....

In exercise of the powers conferred by clause (v) of sub-section (23C) of section 10 of the Income-tax Act 1961 (43 of 1961) the Central Government hereby notifies Shri Tulja Bhavani Mandir Trust Tuljapur for the purpose of the said section for and from the assessment year(s) 1972-73....

That the Institute shall send an annual report to the Indian Council of Social Science Research, New Delhi showing the funds collected under the exemption and the manner in which the funds were utilized....

That the institution will furnish annual returns of its scientific research activities to the Council for each financial year by 31st May each year at the latest in such form as may be laid down and intimated to them for this purpose....

That the said Foundation will furnish annual returns of its scientific research activities to the prescribed authority for every financial year in such forms as may be laid down and intimated to them for this purpose, by 30th April, each year....

It is hereby notified for general information that the instituion mentioned below has been approved by the Indian Council of Agriculture Research the prescribed authority for the purposes of clause (ii) of sub-section (1) of section 35 of the Income-tax Act 1961....